The man who government officials say spearheaded a $2.5 million embezzlement scheme against a Tacoma lumber company pleaded guilty Monday.

Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)

Twin Cities businessman Carl Pohlad, whose holdings include the Minnesota Twins, United Properties and financial services firm Marquette Fianancial, has died.

A panel of experts will weigh in Friday on strategies local businesses can use to weather the economic storm that dominated 2008 and that many predict will linger well into 2009.

Solyndra Inc. raised $219.2 million from venture capitalists, according to PE Week Wire, which tracks the private equity market.

Countrywide Financial Corp. has agreed to make loan modifications for about 395,000 U.S. mortgage holders and pay $150 million into a foreclosure relief fund to settle predatory lending complaints filed by various states, including Kentucky.

United Community Banks Inc., Georgia’s third-largest bank, said Monday it will raise its fourth-quarter loan loss reserve in the wake of credit deterioration and current economic conditions, particularly in its metro Atlanta residential construction portfolio. (UCBI) (SNV)

Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.

Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson Reuters and the National Venture Capital Association.

Renegy Holdings lands $12.3 million in equity financing, plans for layoffs, delisting